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ThursdayJul 02, 2020 11:06 am

CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Closes June with Continued Sales Momentum, Posting Second-Best Week in Its History

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that it closed out the month of June with continued sales momentum, posting its second-best week in Company history, with over $550,000 in sales of cannabis products (an annualized pace of better than $28 million). “It’s no surprise that we keep setting or closing in on new record sales numbers for days, weeks, months,” Simon Yu, CEO of Cannabis Strategic Ventures, said in the news release. “It’s hard to imagine that we won’t see this continue in July, August and beyond. This is the product…

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WednesdayJul 01, 2020 11:51 am

CannabisNewsBreaks – Sugarmade, Inc.’s (SGMD) BudCars Achieves Another Breakout Month With Record Growth in Every Metric

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service (“BudCars”), today provided current and prospective shareholders with BudCars performance data for the month of June. According to the update, BudCars achieved total sales of $502,903 in June, representing 36% sequential monthly top-line growth, with total sales and profits now growing by more than 30% m/m for the third consecutive month. “June was another breakout month for BudCars growth across basically every single metric important to gauging our progress,” Jimmy Chan, CEO of Sugarmade, stated in the news release. “Our pricing improved. Our average order improved. We did more business…

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WednesdayJul 01, 2020 11:05 am

CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) Appoints Current Board Member as EVP of Mergers and Acquisitions

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced the appointment of Themistocles (Tim) Psomiadis as Executive Vice President of Mergers and Acquisitions. A member of MCOA’s Board of Directors since February 28, 2020, Psomiadis will be instrumental in the implementation of the Company's strategy of accelerating growth through key acquisitions. “The addition of Tim to our group, as both member of the board and Executive Vice President of Mergers of Acquisitions is a true game changer for our Company,” MCOA CEO Jesus Quintero stated in the news release. “He brings a wealth of knowledge…

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MondayJun 29, 2020 11:31 am

CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Completion of Non-Dilutive Share Exchange Transaction, Share Structure Update

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp branded products company in the U.S., today announced the completion of a non-dilutive share exchange transaction (the “Transaction”), under which an existing Company shareholder exchanged 75,500 Common Shares for 15,100,000 newly created Class B Common Shares (the “Class B Subordinate Voting Shares”), on the basis of 200 Class B Subordinate Voting Shares for each Common Share. Per the update, the aggregate value of the exchanged Common Shares (CAD$0.7405 per share, representing an aggregate value of CAD$55,907.75) was equivalent to the aggregate value of the newly issued Class B Subordinate Voting…

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MondayJun 29, 2020 11:08 am

CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Expiry of Forbearance Agreement with Green Ops

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Friday announced the expiration of the forbearance period (“Forbearance Period”) pursuant to the terms of the forbearance agreement (the “Forbearance Agreement”) with Green Ops Group LLC (“Green Ops”) previously announced on May 20, 2020.  Per the update, the expiration of the Forbearance Period entitles Green Ops to exercise any and all of its rights under the loan documents and applicable law, and GGB is precluded from contesting any such enforcement action under a separate Voluntary Surrender of Collateral in Satisfaction of Debt and Release Agreement among the parties. To view the full…

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MondayJun 29, 2020 10:15 am

CannabisNewsBreaks – Psychedelic Investment Opportunities to be Showcased at Benzinga Cannabis Conference’s Virtual Deal Room Event

The Benzinga Cannabis Capital Conference’s Virtual Deal Room event is set to take place Tuesday, June 30 from 10:00 AM - 6:00 PM EDT. This installment of Benzinga’s Deal Room series will shine a spotlight on investment opportunities within the psychedelics industry. Among other highlights, the event will feature presentations and one on one video meetings with selected CEOs within the psychedelics space. Presenting companies include Mind Medicine Inc. (NEO: MMED) (OTCQB: MMEDF) (“MindMed”), a leading neuro-pharmaceutical company for psychedelic inspired medicines, and Ehave, Inc. (OTC: EHVVF), an evidence-based therapeutic intervention provider. To register for the event, visit http://cnw.fm/hB58i About…

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MondayJun 29, 2020 10:08 am

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Issues Update on Adult-Use Products

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF), a leading provider of premium cannabis products and services and holder of licenses under the Cannabis Act through its wholly-owned subsidiaries, Canna Farms Limited, ABcann Medicinals Inc. and Harvest Medicine Inc., today provided an update on its adult-use cannabis products. According to the update, VIVO recently made initial shipments of its Fireside X shatter product to several provincial wholesalers, representing its second significant concentrates product format launch with an expected significant contribution to the Company's revenue. "I am pleased to announce that our early shatter sales have exceeded our expectations. We have shipped to…

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FridayJun 26, 2020 3:35 pm

CannabisNewsBreaks – Round Meadow Holdings Corp.’s Budtender Awards Recognizes Ashley Cardenas

Round Meadow Holdings’ (“RMH”) Budtender Awards today named Ashley Cardenas as Budtender of the Week. The update reads, “Ashley is a Budtender at Happy Time in Yakima, Washington. Her favorite part of being a Budtender is gaining and sharing knowledge. To her, ‘cannabis means self freedom that leads to self expression.’” For more information, visit www.BudtenderAwards.com. About Round Meadow Holdings Corporation Round Meadow Holdings is a professional organization that represents accountability, delivering business solutions created exclusively for the expanding cannabis industry. A synergistic portfolio of cannabis service companies, RMH is dedicated to supporting the competitive cannabis landscape and its participants…

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FridayJun 26, 2020 1:00 pm

CannabisNewsBreaks – Fusion CBD Joins Hemp For Our Future to Take Care of the Caretakers on the Front Lines of COVID-19

Fusion CBD, a visionary leader in the hemp industry, today announced that it has joined the Hemp For Our Future initiative and is donating U.S.-made full-spectrum hemp products to local healthcare heroes and frontline workers. According to the update, in order to take care of the caretakers on the front lines of COVID-19, Fusion CBD is donating therapeutic-level CBD products and hand sanitizer with hemp and essential oils to New York healthcare workers to help protect and heal their skin, help their muscles recover, and help them de-stress. Fusion CBD began donating to nurse associations in April, recently sending a…

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FridayJun 26, 2020 12:06 pm

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) CEO Discusses Expansion and the Road Ahead in Shareholder Letter

Sugarmade (OTCQB: SGMD) today released a shareholder letter on behalf of its CEO, which discussed tremendous growth of its BudCars business, preparations to open a BudCars hub in Los Angeles, as well as what the company believes is a much larger opportunity ahead. “We have completed considerable analysis, the results of which point to strong returns from capital investment in both verticalizing BudCars operations and expanding to multiple new regions,” Sugarmade CEO Jimmy Chan stated in the letter, discussing the path, supported by end-demand and market positioning, which offers the potential to expand at extremely cost-effective levels in the second…

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